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Post Info TOPIC: Ltd company to sole trader
stephen72


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Ltd company to sole trader
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Hi ,

I would appreciate some advice please.

I have been asked by someone who currently runs a limited company and he wants to go back to being a sole trader. He wants me to do his accounts once he has reverted back to being a sole trader as his wife currently does them but he admits she has not done a very good job of them.

He has asked me if i would do the closing of the limited company for him and was wondering what the full process would be. I have had a quick look on the companies house website and is it just a case of filling in the form and sending the payment off or is there more to it.

Sorry if this seems a bit of a stupid post but i have not had to do this before and just want to see exactly what it entails before i guve him an answer.

Any advice would be appreciated

Thanks

stephen



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MarkS


Expert

Status: Offline
Posts: 1501
Date:
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Hi Stephen

Will really depend on what is on the final balance sheet.

What assets are there and what is going to happen to them?

Are all the liabilities paid off?

Is there any money still in the bank?

Really need the input of a qualified accountant to ensure that matters are brought properly to an end.

Regards

MarkS



__________________

Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
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